Cost of Living in Martin County, Indiana
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Martin County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Martin County ranks #62 of 3,144 counties for affordability (top 2%)
Data Story
About Cost of Living in Martin County, Indiana
Martin County is Indiana's affordability standout
At 11.8%, Martin County's rent-to-income ratio is among the nation's most affordable, well below the national threshold and Indiana's 15.6% state average. Despite a median household income of $65,345, the county's remarkably low $643 median rent makes housing highly accessible.
Lowest housing burden in Indiana
Martin County leads Indiana in housing affordability with an 11.8% rent-to-income ratio—over 3 percentage points better than the state average. The median rent of $643 is the lowest among these eight counties and $240 below the state average, making Martin a rare affordable haven.
Dramatically cheaper than neighbors
Martin County's $643 rent is roughly $300 less than Marshall County's $936 and nearly $500 below Marion County's $1,107. This affordability advantage extends to ownership: the median home value of $150,400 represents some of the region's lowest property prices.
Martin's lean housing costs
The typical Martin County renter earning $65,345 annually spends just $643 monthly on housing—only 11.8% of gross income. Homebuyers with a $150,400 median home value face $758 in monthly ownership costs, preserving substantial income for other needs.
Indiana's best deal for budget-conscious families
If housing affordability tops your relocation checklist, Martin County delivers what most other Indiana counties cannot: rents and home values that consume minimal income. Trade Marion County's urban density for Martin's small-town savings, and free up thousands annually for savings, education, or quality of life.
Cost of Living Advisory: Martin County
Affordability Verdict
Martin County offers affordable rental housing at a median of $643/month — about 11.8% of the typical household income here.
Rent vs. Own
Renters in Martin County pay $643/month on average, compared to $758/month for homeowners. This market favors renters by about 15%.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $25,720/year. For owner costs at the 28% rule, the required income is roughly $32,486/year. With a median household income of $65,345, most households can comfortably afford rent here. Notably, 21.0% of renter households in Martin County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Within Indiana, Martin County is less affordable than Spencer County by roughly 8% ($643/mo vs $697/mo).
Affordability Calculator
See how your income compares to housing costs in Martin County
Rent Burden
11.8%
of gross income
Max Housing (28% Rule)
$1,525
per month
Owner Cost Burden
13.9%
of gross income
You can likely afford the median home in Martin County
Median home value is $150,400. Estimated monthly cost: $1,201 vs. your max of $1,525.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.
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